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UPDATE: Piper Jaffray Downgrades GoPro Inc

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Shares of GoPro Inc (NASDAQ: GPRO) were trading down in Tuesday’s after-hours session following a downgrade to Neutral at Piper Jaffray, which reiterated a $90 price target.

The firm's Sean Naughton feels the stock is fairly priced based on valuation and sees little upside in the next 12 months. However, Naughton does expect continued growth in the upcoming 12 months for GoPro Inc.

Naughton noted a recent teen survey consensus showing "overwhelmingly positive" sentiment for the company.

Shares of GoPro traded recently at $91.65, down 2.2 percent from Tuesday's close.

Latest Ratings for GPRO

Sep 2018OppenheimerUpgradesPerformOutperform
May 2018CitigroupMaintainsNeutralNeutral
Mar 2018CitigroupMaintainsNeutralNeutral

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Posted-In: Piper JaffrayAnalyst Color Downgrades Price Target Analyst Ratings


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